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Property profile & analytics
OFF-MARKET
Estimated value
$7,325,000
Distribution centers
1201 Gary Way Waynesboro, GA 30830-3480
Entity Owned
Free & Clear
Property ID
US22-2690994
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Construction
CONCRETE
Total area
120,960 SF
Lot
23.12 ac (1,007,107 SF)
Zoning code
I-2
APN
073-001C
UPID
US22-2690994
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.81M
Blend (final)
Blend
$7.33M
Owner & transaction history
Lichtenberg Holdings 2 LLC
Lichtenberg Holdings 2 LLC
since 2025
3 recorded transactions
Zoning & alternative use
I-2 · Waynesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide areas for basic and heavy industrial and related uses, to encourage the proper design, placement, and grouping of industrial uses, and to protect adjacent districts from potentially harmful effects
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
224.45 ac
Source
Realmo
Top alternative use upside
Retail stores
$7.9M
+31.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waynesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waynesboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,010,000
Current use
RETAIL STORES
$7,915,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$7.33M
Range $6.59M – $8.06M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$61 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,034
Tax year 2023
Assessed value
$1,140,806
Assessed 2023
Previous assessed
$1,140,806
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$92,480
Assessed improvement
$1,048,326
Land market value
$231,200
Improvement market value
$2,620,816
Total market value
$2,852,016
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
NONE
Buildings
2
Total area
120,960 SF
Lot
23.12 ac (1,007,107 SF)
Zoning code
I-2
APN
073-001C
UPID
US22-2690994
Jurisdiction
BURKE
Zoning & alternative use
I-2 · Waynesboro, GAZoning I-2 · permitted uses
I-2 · Waynesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide areas for basic and heavy industrial and related uses, to encourage the proper design, placement, and grouping of industrial uses, and to protect adjacent districts from potentially harmful effects
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
224.45 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.0M
RETAIL STORES
Est. value
$7.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
CONCRETE
Heating
NONE
Buildings
2
Lot
23.12 ac
Current owner
From public records · entity-resolved
Lichtenberg Holdings 2 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 807, WAYNESBORO, GA 30830-0807
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2025
—
Lichtenberg Holdings 2 LLC
Burke County Development Authority
Warranty Deed
—
Nov 21, 2017
—
Development Authority Of Burke
Lichtenberg Holdings II LLC
Grant Deed
related
—
Mar 18, 2013
—
Lichtenberg Holdings II LLC
Development Authority Of Burke County
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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